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AM Best Increases DAC’s Financial Strength Rating to “A”

AM Best has increased DAC’s Financial Strength Rating to A (Excellent).

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Buckle Unveils First-of-its-Kind Rideshare-only Insurance

Launches partnership with Lyft to provide drivers with personal and commercial coverage in one, affordable policy

AUL Promotes Jose Fleites to Dual Position

Hired as CIO in 2018, Fleites was instrumental in the firm’s transformational growth into a full service F&I provider.

Understory Launches Sensor-Based Dealer Hail Insurance

Understory has released Auto – Hail Safe, a new hail insurance product designed to combine ground-truth weather detection with new coverage and claims technology.

DealerPolicy Wins Agent for the Future Award

Liberty Mutual and Safeco Insurance have named DealerPolicy to its list of 2019 Agent for the Future winners, a program designed to recognize innovation and advancement.

Herb Chambers Taps DealerPolicy for Auto Insurance

DealerPolicy has partnered with the Herb Chambers dealership group to offer auto insurance coverage advice and deliver policy documents to car buyers.

Ford Credit Rolls Out Discount Car Insurance Program

Ford Motor Credit has launched Ford Insure, a new program underwritten by Nationwide and designed to offer car buyers auto insurance at rates discounted by as much as 40%.

Report: Customers Want to Buy Insurance at the Dealership

A new DealerPolicy study finds 83% of customers would buy auto insurance as part of their car-buying process — but only 9% were given the opportunity.

Three States Pass GAP Laws

The Guaranteed Asset Protection Alliance, a lobbying group made up of GAP providers, administrators and finance sources, was instrumental in getting two of the three laws passed — the most recent state to adopt its model act being Maine.

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Reuters: Former Zurich Insurance CEO Commits Suicide

Reuters reported yesterday that former Zurich Insurance CEO Martin Senn has committed suicide, the second top executive at the group to take his own life in less than three years.